The sale of townhouses in Langley has been on the rise for quite some time. Looking for your next townhome? Listings Nearby has the most thorough, up-to-date catalogue of new townhouse developments in Langley BC. Langley has 46 new real estate developments on the market, including 23 new townhome developments. Considering the demand for new homes, this number is expected to increase in the next year or so.
According to MLS® Home Price Index – Fraser Valley Real Estate Board (September 2020), the benchmark price in Langley BC for new townhomes is $576,900. This price has increased by 76% for the attached townhomes within the last 5 years.
Move-In Ready Townhomes
All New Construction Townhomes in Langley BC
New Build Townhomes in Langley BC
Langley is a fast-growing city with composed of different new build housing options, mostly detached single-family homes and attached townhome complexes. There are 3 mainly hot neighbourhoods in Langley where most of the new build real estate projects are under construction. These neighbourhoods are Willoughby Heights, Langley city, and Murrayville. Alone Willoughby-Willowbrook community has over 15 new townhome development projects under progress.
New build townhomes that fall in the two to three-bedroom range, seem to be the ideal purchase for singles, small families and real estate investors.
New Construction Townhouse Projects in Langley
Currently, there are many new townhouse projects in progress by some local real estate builders & developers. These projects are in their different phases of construction viz; preconstruction, construction, or some of them have even completed their construction and ready to move-in. Some of these projects include 64 townhomes by Brydon Projects, 138 spacious 3-bedroom homes by Mann Group & Pollyco Group, 85 three- and four-bedroom townhomes by Archwood Developments, 38 truly unique modern farmhouse townhomes by Castle Hill Homes, and 107 three and four bedroom townhome development by Essence Properties.
Apart from quality construction to well laid out interior plans, all the developers are providing additional elegant features in their development projects to attract the new home buyers, thus expediting their sale. These additional features include amenities like swimming pool, clubhouse, children’s play area, rooftop patio, multimedia room, theatre, hot tub, and social lounge.
Preconstruction Townhomes in Langley
If you are not in a hurry to move-in, it is very wise decision to invest in townhouse real estate projects which are in preconstruction phase of their development. It is beneficial both for seasoned investors and new home buyers. You get enough time to make the full payment to the developer and thus defer your mortgage to start. Since the sale prices have been consistently growing in Langley in the last few years, it is a very viable market for investors and home buyers to invest in the preconstruction phase.
If the preconstruction townhome is in a gated community, that increases the property value substantially over a period. It is always a plus for the average home buyer or the investor giving these properties a high appreciation rate.
Townhouses in preconstruction in Langley are very diverse in build, location and size which makes it a balanced market. The selection of two to three-bedroom townhomes on average is very appealing to most.
Presale Townhomes in Langley
Buying or investing in a new townhome in its presale period is the best thing you can think of and is the hottest trend in the lower mainland. You own a new townhouse at its lowest starting price, thus gain maximum appreciation in the price over a period.
During the presale period which lasts only for a few days, some big developers offer a huge discount in the price, others offer luxury name brand appliances, cabinets, windows, etc., some offers flexibility in the payments. A serious buyer or an investor must grab this opportunity as soon as you can before it is over.
After condos, presale of townhomes is driving the real estate growth in Langley. This is quite apparent in the ongoing multiple presale townhouse showings and presentations.
Langley Real Estate Market Stats in Townhomes
According to MLS® Summary – Fraser Valley Real Estate Board (September 2020),
- The sale of townhomes in September 2020 was 555 which was 7.6% more than 516 sales in August 2020, and 74.0% more than 319 sales in September 2019. The median price was 1.1% less than in August 2020 and 6.3% more than in September 2019.
Despite the dramatic rise in property prices in the last decade within the lower mainland, Langley’s real estate market continues to appear like a deal, comparing to other Canadian real estate markets.
If you’re looking to buy a new townhome in the Langley, contact us and we will connect you to the right person who can provide you the detailed information on the development(s) you’re interested in and help you in deciding & buying your dream townhouse in Langley.